Northcape Wealth Management LLC Purchases 372 Shares of The Procter & Gamble Company (NYSE:PG)

Northcape Wealth Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,094 shares of the company’s stock after acquiring an additional 372 shares during the period. Northcape Wealth Management LLC’s holdings in Procter & Gamble were worth $1,665,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advantage Trust Co acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new position in Procter & Gamble in the 4th quarter valued at $31,000. Ruedi Wealth Management Inc. increased its stake in shares of Procter & Gamble by 64.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 196 shares of the company’s stock valued at $32,000 after buying an additional 77 shares during the period. MeadowBrook Investment Advisors LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth $33,000. Finally, POM Investment Strategies LLC acquired a new position in shares of Procter & Gamble during the second quarter valued at $34,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Procter & Gamble from $171.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada upped their price objective on shares of Procter & Gamble from $157.00 to $164.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lowered Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $175.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their price objective on Procter & Gamble from $157.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $173.95.

Procter & Gamble Price Performance

PG stock traded down $0.98 during mid-day trading on Friday, hitting $169.17. The stock had a trading volume of 4,771,267 shares, compared to its average volume of 6,597,829. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $171.89. The firm has a market capitalization of $399.26 billion, a P/E ratio of 27.64, a P/E/G ratio of 3.64 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $167.29 and a 200 day simple moving average of $163.65.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to the consensus estimate of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. As a group, research analysts forecast that The Procter & Gamble Company will post 6.97 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, July 19th. Procter & Gamble’s payout ratio is 65.69%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the completion of the transaction, the insider now directly owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the sale, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. The disclosure for this sale can be found here. In the last ninety days, insiders sold 223,259 shares of company stock worth $37,948,393. 0.17% of the stock is currently owned by company insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.